MANAGEMENT OF INNOVATION

It is often said that innovation is the engine of economic growth. This course analyzes why and when firms should (or should not) innovate, and how to make innovation happen. More specifically, the course focuses on the strategic, organizational, and operative dimensions of innovative processes in small as well as in large organizations.

In order to successfully attend the course, basics of managements and economics are required.

Knowledge and ability to understand - know the different types and models of innovation, use analytical tools to understand and interpret innovations; - understand the fundamental characteristics of the innovation process; - understand the best strategies for introducing an innovation in the market; - identify the distinctive challenges faced by new ventures vs. large firms in the innovation process. Autonomy of judgment - link economic, technological, and social aspects of innovation - carry out general evaluations on the economic aspects of innovation Communication skills The resulting multidisciplinary communication skills are the main result of teaching. The student will indeed be able - to combine the technical and managerial terminology related to innovation management - contribute to the resolution of complex problems related to innovation management

What is innovation? Why is innovation relevant for companies and society at large? How do companies innovate? How do individuals innovate? New trends and innovation

All information concerning the course, the lecture notes, the support materials and the exercises and all communications will take place through the e-learning page. A list of the required and suggested readings is included in the detailed program.

The course mixes theory with practice, and students will be challenged to apply principles, concepts and frameworks to real world situations. Before each class, students are supposed to study the material – usually papers and / or case studies – suggested in the reading list.

The grade is based on an individual written exam (40%), class participation (20%) and a team project (40%).

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